Skip to content

Democrats To Seek Stunning $1.9 Trillion Increase In Debt Ceiling To $14.3 Trillion

From Dow Jones (HT ZeroHedge):

~~~ “Senate Democrats are to seek an increase to the federal government’s borrowing limit by $1.9 trillion lifting the total amount the U.S. government can owe to $14.294 trillion, several congressional aides said Wednesday.

The increase is forecast to support the federal government’s borrowing needs the end of 2010, one Senate Democratic aide said.

The borrowing hike comes fast on the heels of a $290 billion increase to the debt ceiling agreed to by lawmakers at the end of 2009. “~~~